The long term numbers suggest the Euro could be in a lot of trouble while the U.S. economy is making a steady recovery.
Austin, TX. (PRWEB) March 07, 2012
“The Euro and the U.S. Dollar Are Poised For A Sharp Drop” by Jason Fielder was just published by the Absolute Wealth newsletter, stating that one of the more perplexing currency pairs in the Forex market from recent weeks has been the Euro and the U.S. Dollar. Many traders expected this pair to trend downward with the Euro losing ground to the U.S. Dollar, the Absolute Wealth newsletter adds, however, this pair has gone through an extended period of sideways movement instead. The Absolute Wealth newsletter reports that Euro has even gained a small amount against the U.S. Dollar during this time.
The slow but steady recovery in the housing market is also a major boost for the U.S. economy, says the Absolute Wealth newsletter. It has been the biggest part of the economy that was not showing signs of bouncing back the Absolute Wealth newsletter adds, and now that there is recovery in that sector, the overall recovery health is looking better. Aside from the major boost that comes with the money that moves in the housing market the Absolute Wealth newsletter reports, this also represents a stronger willingness to invest.
The debt issues still exist the Absolute Wealth newsletter reveals, even with austerity measures accepted by several debtor Euro-Zone nations. The recent report showing the nations with the harshest austerity measures are actually suffering worse debt-to-GDP ratios than before putting them in place raises even more red flags the Absolute Wealth newsletter adds.
The Euro, U.S. Dollar currency pair is poised for a sharp drop, warns the Absolute Wealth newsletter. The long term numbers suggest the Euro could be in a lot of trouble while the U.S. economy is making a steady recovery, the Absolute Wealth newsletter reports. Boosted by better than expected employment, confidence, and growth, the Absolute Wealth newsletter explains that the U.S. Dollar is the smart bet here.